Withdrawal Partner definition

Withdrawal Partner means any Partner electing to withdraw from the Partnership in accordance with this Section 4.03 to the extent of such Partner's Withdrawing Interest. A Partner shall not be a Withdrawing Partner to the extent of such Partner's interest in the Partnership other than his With- drawing Interest.
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Examples of Withdrawal Partner in a sentence

  • The right of -------------------------------------------- any Withdrawal Partner or such Withdrawal Partner's legal representatives to have distributed the Capital Account of such Partner pursuant to this Article IV is subject to the provision by the General Partner for all Partnership liabilities in accordance with the Act and for reserves for contingencies and estimated accrued expenses all in accordance with Article III hereof.

  • The Limited Partner receiving such notice shall be treated for all purposes and all respects as a Withdrawal Partner under Section 4.03.

Related to Withdrawal Partner

  • Withdrawal Event means the earliest to occur of any event which causes a Partner to cease to be a Partner, and to become a Former Partner, as set forth in Section 1.29.

  • Withdrawal Period has the meaning specified in Section 10.23(b).

  • Withdrawal Date Any day during the period commencing on the 18th day of the month of the related Distribution Date (or if such day is not a Business Day, the immediately preceding Business Day) and ending on the last Business Day prior to the 21st day of the month of such Distribution Date. The “related Due Date” for any Withdrawal Date is the Due Date immediately preceding the related Distribution Date.

  • Free Withdrawal Amount ’ means an amount equal to the percentage, stated in the Data Pages, of the Annuity Account Value, minus the total of all prior withdrawals (and associated Withdrawal Charges) made as described in Section 5.01 in the current Contract Year that may be withdrawn each Contract Year without incurring a Withdrawal Charge. We have the right to change the Free Withdrawal Amount, but it will always be a percentage between 5% and 30% if so provided in the Data Pages.

  • Withdrawal Order is defined in Section 6.